Subject:
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Re: What was the original price of...
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Newsgroups:
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lugnet.general
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Date:
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Sat, 10 Jul 1999 00:43:46 GMT
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Reply-To:
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JSPROAT@IO.stopspamCOM
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Viewed:
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1214 times
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Mike Walsh wrote:
> Reading this got me thinking a bit. Does anyone carry a special insurance
> rider on their LEGO collection. While my collection pales in comparison to
> many, it is valuable to me and some of the sets I have (Airport Shuttle for
> example) are worth a decent amount of money (if I were to sell it).
I don't know about "rider" (I hope to remain at least semi-ignorant of
insurance terms, and maintain some of my humanity :-) but our Lego
collection is covered by our homewoner's policy. We just gave them a number
based upon our total piece count and multiplied by an arbitrary
cost-per-piece figure. I think it was something line $.30 a piece, but I'd
have to look it up. The up shot is: our insurance agent took the number
without hesitation, knowing that we were talking about a "childrens' toy".
Whether an adjuster will have the same attitude remains to be seen.
My big concern, however, is that I am uncomfortable with the cost-per-piece
method. I would prefer a more honest appraisal. I could mix this in with
my set inventory based upon original cost, but that doesn't properly reflect
the value of the pieces to *me*.
Cheers,
- jsproat
--
Jeremy H. Sproat <jsproat@io.com>
http://www.io.com/~jsproat
Darth Maul Lives
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Message is in Reply To:
 | | Re: What was the original price of...
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| Reading this got me thinking a bit. Does anyone carry a special insurance rider on their LEGO collection. While my collection pales in comparison to many, it is valuable to me and some of the sets I have (Airport Shuttle for example) are worth a (...) (25 years ago, 7-Jul-99, to lugnet.general)
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